Page 34 - Severstal News Today

The fate of watercraft owned by Putin’s sanctioned allies has become one of the more unexpected barometers how the sanctions imposed by the West are going.

Reuters reported that Russian steel producer Severstal is seeking the release of steel products of its Latvia-based subsidiary frozen in the European Union’s

(Bloomberg) -- Bondholders of Russian steel and mining company Severstal PJSC are still awaiting overdue coupon payments on its dollar bond, raising the possibility of default as the firm’s grace period expires Monday.

In the face of stiff sanctions, Russian steel companies are capitalizing on experiences gained during the coronavirus pandemic, urgently stepping up their marketing in Turkey and the Middle East, building ties in atypical markets such as Asia and looking for spare parts from outside Europe. Like other Russian companies and entities, the country’s steel industry ...

On March 15, 2022, the U.S., UK, and EU announced new sanctions against various individuals and entities in connection with Russia’s invasion of Ukraine. The U.S. added certain human...

The company said it had received permission by the Russian government to pay in dollars, but believed Citigroup, the paying agent, would block the payment.

The government has asked steel, nickel and aluminum producers to maintain low prices at home.

Italian authorities impounded the 213-foot "Lady M," which was built in 2013 and owned by Russian steel and mining billionaire Alexey Mordashov

Italian authorities impounded the 213-foot "Lady M," which was built in 2013 and owned by Russian steel and mining billionaire Alexey Mordashov

After seeing some recovery in recent days, the ruble has slumped again following yesterday's payment deadline falling back to 105 to the dollar as uncertainty remains over a potential default. In an interview with state broadcaster Russia Today, Russian finance minister Anton Siluanov insisted payment had been made. He said: "The capability or incapability of